Much of the news over the summer of 2008 has been negative, somewhat depressing, and duplicative. Unfortunately, our post today is much of the same, but there comes a time when there is just no way to avoid the news. The truth is that we need to know how to set our course in the days to come.
As reported […]

As just reported in InmanNews, shares of Fannie Mae and Freddie Mac hit 17-year lows today (July 10, 2008) as investors’ fears about the companies’ ability to raise additional capital fueled speculation of the possibility of a government bailout.
Along these lines, the Office of Federal Housing Enterprise Oversight (OFHEO) has issued a statement on the […]

What will 2009 do to our home values and networth? Read on, and see what some experts predict.
 BofA sees additional 15% drop in real estate prices: Bank of America expects home prices will fall an additional 15 percent nationwide and 20 percent in California, BofA Chief Executive Officer Ken Lewis said in an interview with […]

The news is certainly not good these days. The beginning of 2008 has not been pretty. Perhaps we can find a niche’ or some sort of viable approach that gets us the credit needed to move forward and do deals. 
I always believe that information is power, so here it is … unedited and unfettered …. 
As reported by Rex Nutting, Washington […]

So, is it time yet for optimism in the residential housing market?
Thinking of buying a house? Looking to refinance your current mortgage? Is this the right time? These are the big questions of the day that everyone has been asking.
We at www.MylesTitle.com  and www.MarylandCommercialTitle.com sure hope so. Like us, you — the banker, builder, […]

Here is yet another very significant indicia of the declining real estate market, as of April 2008, as reported by Inman News:
There has been a 28 percent decline in revenue which helped push title insurer LandAmerica Financial Group Inc. to a $24.2 million first-quarter loss, despite ongoing cost-cutting measures that include the elimination of the equivalent […]

Real Estate Settlement Procedures Act (otherwise know as “RESPA”) reform is back, and in a big way. On Friday, March 14, 2008, the U.S. Department of Housing and Urban Development (“HUD”) published its proposed regulations to reform RESPA. 
Ironically, HUD partially titles its rule a “Proposed Rule to Simplify and Improve the Process of Obtaining […]

As reported in the Baltimore Business Journal today, Fannie Mae – the Washington, D.C.-based mortgage giant – is setting new rules about what mortgages it will buy.
These new underwriting guidelines will have a huge impact on the number of people who will get loans and the amount of business that flows through the real estate, banking, […]

As reported by Matt Carter of Inman News, the Bush administration on Monday, March 31, 2008 — in reaction to the financial and real estate markets collapse — has put forward a sweeping plan for reorganizing the regulation of the financial system that would include national licensing standards for mortgage brokers and the elimination of […]

The Maryland Daily Record just reported that “a bill that would allow Maryland banks to collect closing costs from customers who pay off loans early moved closer to final passage … after a contentious debate.” Apparently there’s no free lunch. It makes sense, but is is legal? It will be, if this piece of legislation […]